#knowyourvote
New IFS research today shows that the average debt a student has on graduating university has risen to over £50,000. For the students coming from the lowest income families, this can be as much as £57,000 with £5,800 of that purely from interest accrued since starting their courses.
Under the Conservative government, student loans have been increased from £3,000 per year to £9,000 per year. Maintenance grants for low-income students have been replaced by extra loan allowance. Student loans are set to increase in line with inflation (or by £250 per year) for the foreseeable future, starting in September, regardless of teaching quality.
The IFS sees only two winners from the current system, and it’s certainly not the students who benefit. Students earning the minimum amount of repayments - which has been frozen at £21,000 for several years - are estimated to be 30% worse off than their equivalents under the old loan system. No, the only beneficiaries are the universities (although not 90% of their employees) and the government.
So what do you think, voters? How can we, as a voting force, work together to end this stranglehold the UK government has on us? We want to hear your ideas to fix what is becoming a very, very broken system, one which stifles recent graduates and the UK economy as a whole.
Young Voters UK is today officially committing to fighting Conservative policies on student finance.
Apologies for the delay in announcing the winner of our 58% Giveaway.
The winner came from the Twitter leg of our competition, at the account; @arden_breslin.
Thank you to everyone who took part!
If you want to be in with a chance of winning our political goodie bag - featuring books, posters and great music - reblog this postandfollow Young Voters UKbyJune 30th.
We’re celebrating high youth voter turnout at GE2017. Are you with us?
Long-awaited (and for once not all that long-winded) the Queen’s Speech was finally revealed at 11:30am today. So just what did it contain?
Brexit
8 out of the 24 bills in the speech related to plans for UK policy after leaving the EU. We’ve broken down the main aspects of each bill below:
- Repeal Bill – turns EU law into UK law so UK Parliament can make changes
- Customs Bill – UK takes control of import and exports
- Trade Bill – lets the UK make trade deals with other countries
- Immigration Bill – allows UK government to end free movement of EU nationals into UK
- Fisheries Bill – gives UK control of its waters and fishing quotas
- Agriculture Bill – a system will be put in place to protect UK famers
- Nuclear Safeguards Bill – creates a UK nuclear safeguards regime to replace the EU one
- International Sanctions Bill – gives government final say on imposing non-UN sanctions to the UK and ensures sanctions can still be challenged
Economy
This was a stripped back speech, with very little change in economic policy. Only 5 bills related to the economy:
- Automated and Electric Vehicles Bill – service stations will, at some point, need to install charge points for electric vehicles
- Space Industry Bill – new commercial spaceflight to be licensed, including rockets
- HS2 Phase 2A Bill – the high speed railway will extend to Crewe sooner than planned
- Smart Meter Bill – every household will be offered smart meters by 2020
- National Insurance Contributions Bill – allows for the changes announced in 2016 budget
Other
There were 11 miscellaneous policies. More notable bills include the Courts Bill, which will remove the right of partners accused of domestic violence to cross-examine their alleged victim in court.
On a similar vein, the Draft Domestic Violence and Abuse Bill will introduce new measures to protect victims of domestic violence.
For younger voters, the Data Protection Bill is very interesting - it will require social media accounts to delete information held about you at the age of 18.
What does this all mean?
Legally, not very much. Not until next week anyway, when the MPs in the House of Commons will have the chance to vote for or against each bill individually. With a majority not yet secured, there’s a chance not all of these proposed bills will pass. Even then, these are just a snapshot of proposed government policy over the next 2 years.
What the Queen’s Speech does tell us is that the Tories are not having a very happy time at the moment. A large chunk of their manifesto has gone missing:
- New grammar schools
- The ‘dementia tax’
- Scrapping triple lock pensions
- Replacing free school lunches with free breakfasts
- Energy price caps
- Voting to remove ban on fox hunting
- Means testing winter fuel payments
The suggestion is that the Tories did not think they would be able to pass these policies through the Commons - the more liberal parties were all very vocal in their opposition to these proposals during election campaigning, and even the DUP do not agree with scrapping triple lock pensions.
Through the Queen’s Speech, we’ve been given a little glimpse of the state of the Conservative Party: a monstrous papier-mâché parody of an unpopular manifesto.
They’re the focus of every political blogger today: just what is going on with the DUP.
Just last week, they were an unknown fringe party this side of the Irish Sea.
On Thursday, they looked like the most important party in Britain, that final puzzle piece that would give the Tories their majority in Parliament - if some sort of deal could be arranged.
Now? That deal looks very, very shaky.
The Queen’s Speech, after a 2 day postponement, is tomorrow. An official deal with the DUP has not yet been agreed. Without some sort of official deal in place, it will be a lot more difficult for the Tories to pass their laws through the House of Commons.
The DUP say the UK are taking them for granted. At this stage, it looks like one of the major stumbling blocks is the DUP’s demand for the removal of air passenger duty in NI (the tax you pay to fly from UK airports, payable on booking). The Tories are hesitant to consent to this in case it leads to similar calls from Scotland, Wales and England.
It looks like the public will have to wait until tomorrow to see if the DUP deal can be made in time.
Whatever’s going on, it’s certainly nothing strongnorstable.
Sources: